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Microeconomics, 15/e
Campbell R. McConnell, University of Nebraska, Emeritus
Stanley L. Brue, Pacific Lutheran University
Chapter 9 The Costs of Production
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Web-Based Questions
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Web-Based Questions
- Web-Based Question: The
10 largest U.S. firms-what are their sources of economies of scale? Check
out the Fortune 500 list of the largest U.S. firms at www.fortune.com.
From the top 10 list, select three firms from three different industries and
discuss the likely sources of the economies of scale that underlie their large
size.
- Web-Based Question: Corporate annual
reports-identify fixed and variable costs Use the Yahoo search engine
at www.yahoo.com to locate the home page of a company of your choice.
Find and review the company’s income statement in its annual report, and classify
the nonrevenue items as either fixed or variable costs. Are all costs clearly
identifiable as either fixed or variable? What item would be considered accounting
profit? Would economic profit be higher or lower than this accounting profit?
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Interactive Graphs
Origin of the Idea
Analogies, Anecodotes, and Insights